ProShares Merger Financial Statements From 2010 to 2025
| MRGR Etf | USD 41.85 0.08 0.19% |
Check ProShares Merger financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ProShares Merger's main balance sheet or income statement drivers, such as , as well as many indicators such as . ProShares financial statements analysis is a perfect complement when working with ProShares Merger Valuation or Volatility modules.
ProShares |
ProShares Merger ETF ETF Price To Book Analysis
ProShares Merger's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current ProShares Merger Price To Book | 1.90 X |
Most of ProShares Merger's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProShares Merger ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, ProShares Merger ETF has a Price To Book of 1.9 times. This is 140.51% higher than that of the ProShares family and significantly higher than that of the Event Driven category. The price to book for all United States etfs is notably lower than that of the firm.
ProShares Merger ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ProShares Merger's current stock value. Our valuation model uses many indicators to compare ProShares Merger value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ProShares Merger competition to find correlations between indicators driving ProShares Merger's intrinsic value. More Info.ProShares Merger ETF is rated number one ETF in price to earning as compared to similar ETFs. It also is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.08 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for ProShares Merger ETF is roughly 12.37 . Comparative valuation analysis is a catch-all technique that is used if you cannot value ProShares Merger by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About ProShares Merger Financial Statements
ProShares Merger shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although ProShares Merger investors may analyze each financial statement separately, they are all interrelated. The changes in ProShares Merger's assets and liabilities, for example, are also reflected in the revenues and expenses on on ProShares Merger's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. Merger ETF is traded on BATS Exchange in the United States.
Pair Trading with ProShares Merger
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ProShares Merger position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ProShares Merger will appreciate offsetting losses from the drop in the long position's value.Moving together with ProShares Etf
| 0.95 | MNA | IQ Merger Arbitrage | PairCorr |
| 0.77 | MARB | First Trust Vivaldi | PairCorr |
| 0.94 | ARB | AltShares Trust | PairCorr |
Moving against ProShares Etf
The ability to find closely correlated positions to ProShares Merger could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProShares Merger when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ProShares Merger - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ProShares Merger ETF to buy it.
The correlation of ProShares Merger is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProShares Merger moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProShares Merger ETF moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ProShares Merger can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of ProShares Merger Correlation against competitors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
The market value of ProShares Merger ETF is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares Merger's value that differs from its market value or its book value, called intrinsic value, which is ProShares Merger's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares Merger's market value can be influenced by many factors that don't directly affect ProShares Merger's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares Merger's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.